strong words from republican leadership after president obama's opening bid. the president wants $1.6 trillion in new taxes, $50 billion in new stimulus spending, and expanded powers for the president to raise the federal debt limit without getting any approval from congress. a senior house gop source calls the president's plan, quote, absurd. and provides a 6-point explanation to back it up. is the economy headed for that fiscal cliff? is all of this negotiating dead in the water? let's bring in our panel. monica crowley, radio talk show host and author of monomemo.com. jewelry roginsky former political advisor to senator frank lautenberg of new jersey. both fox news contributors. you say the president is not interested in compromise at all? >> no. i have just wrote a whole book about this called, what the bleep just happened. i traced first four years of his presidency. anytime he proposed a economic proposal or physical proposal it contained the exact same elements, which is tax hikes, more spending, not less, no entitlement reform and pushing up the debt l